[Dec-2023] ISM CPSM Dumps – Reduce Your Chance of Failure in CPSM Exam
To help you achieve your ultimate goal, we suggest the actual ISM CPSM dumps for your Certified Professional in Supply Management (CPSM) exam preparation to use as your guideline.
NEW QUESTION # 34
The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?
- A. Exponential smoothing forecast
- B. Weighted moving average
- C. Simple moving average
- D. Naive forecast
Answer: C
NEW QUESTION # 35
Which of the following is NOT the element o0f a project plan?
- A. Resource requirements
- B. Objectives
- C. Replenishment plan
- D. Contractual agreements
Answer: C
NEW QUESTION # 36
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
- A. Professional supply cost
- B. Transfer price
- C. Operational price
- D. Productivity cost
Answer: B
NEW QUESTION # 37
What is used to obtain general information about products, services or suppliers and is information request, not binding on either the supplier or the purchaser?
- A. Target market
- B. Procurement document
- C. Qualified product description
- D. Solicitation document
Answer: D
NEW QUESTION # 38
A large number of suppliers who are all capable of supplying the same product, and the dollars in:
- A. Leveraged items
- B. Bottleneck items
- C. Non-critical items
- D. Operational items
Answer: A
NEW QUESTION # 39
According to the Chartered Institute of Transport and Logistics in the United Kingdom,
which of the following is NOT the type of warehouse layouts?
- A. Cross-flow warehouse
- B. Through-flow warehouse
- C. Inverted U warehouse
- D. Inverted T warehouse
Answer: C
NEW QUESTION # 40
Any material, component or product that is held for use at a later time is known as:
- A. Inventory
- B. Cash
- C. Asset
- D. Record
Answer: A
NEW QUESTION # 41
What involves creating a visual depiction of a process, is the starting point to help understand each process and identify the sequencing of each process?
- A. Process mapping
- B. Process Planning
- C. Process Equipment
- D. Process flowcharting
Answer: A
NEW QUESTION # 42
The underlying assumption is that a forecast can be created based on which of the following patterns observed within the time series data?
- A. Horizontal, Seasonality, Trend and Cycle
- B. Vertical Seasonality, Trend and Cycle
- C. Horizontal, Averaging, Variation and Smoothing
- D. Vertical, Seasonality, Variation and Smoothing
Answer: A
NEW QUESTION # 43
A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:
- A. None of the above
- B. Cycle counting
- C. Continuous inventory
- D. Reconciliation
Answer: B
NEW QUESTION # 44
Items under review are classified in one of the following risk categories EXCEPT?
- A. Bottleneck items
- B. Non-critical items
- C. Leveraged items
- D. Operational items
Answer: D
NEW QUESTION # 45
A performance measurement and management document that records the ratings from an evaluation process is known as:
- A. Mark-board
- B. None of the above
- C. Scorecard
- D. Groove box
Answer: C
NEW QUESTION # 46
With what an organization's inventory values are kept continuously in line with its actual inventory on hand?
- A. Perpetual inventory control system
- B. Temporary inventory control system
- C. Periodic inventory control system
- D. Services inventory control system
Answer: A
NEW QUESTION # 47
A progressive approach to control inventory is called:
- A. Depleted control approach
- B. Delays in production approach
- C. Materials inventory
- D. Supplier-managed inventory
Answer: D
NEW QUESTION # 48
A facility used
for
receiving, storing
and
organizational strategies is known as a:
- A. Commodity
- B. Depot
- C. Terminus
- D. Warehouse
Answer: D
NEW QUESTION # 49
The purpose of is to determine whether or not an organization's financial
statements are
prepared in accordance with generally
accepted accounting principles.
- A. Functional audit
- B. Operational audit
- C. Principal audit
- D. Financial audit
Answer: D
NEW QUESTION # 50
happens when one or more existing competitors realize an opportunity to improve their position or when they are responding to the pressure from other competitors
- A. Business Conflict
- B. Antagonism
- C. Rivalry
- D. Substitute bargaining
Answer: C
NEW QUESTION # 51
which mean to resolve the logical
When both parties end a negotiation feeling content with what they have bargained, this is referred to as:
- A. win-win proposition
- B. Procurement scheme
- C. Superior intention
- D. Disputed proposal
Answer: A
NEW QUESTION # 52
A practice that involves purchasing professional in the new product or service development process from its inception is called:
- A. Early purchasing Improvement
- B. Service level professionalism
- C. Statement of work flow
- D. Initializing consent
Answer: A
NEW QUESTION # 53
What is used to lessen the potential biases commonly found using a jury of executive opinion?
- A. Structured method
- B. Averaging method
- C. Series foundation forecasting method
- D. Delphi method
Answer: D
NEW QUESTION # 54
What can be described as a precise and measurable variable that is inherently present in the characteristics of a product or service?
- A. Cost
- B. Time
- C. Quality
- D. Equipment
Answer: C
NEW QUESTION # 55
An inventory management program where information is submitted electronically from the customer to supplier is called:
- A. None of the above
- B. Front office program
- C. Add-on program
- D. Continuous replenishment program
Answer: D
NEW QUESTION # 56
An intermediary who brings the buyer and the seller together is the:
- A. Broker
- B. their-party specialist
- C. public surplus
- D. Dealer
Answer: A
NEW QUESTION # 57
What defines work scope, sets the expectations and defines the relationship between the organization and the service provider?
- A. Service level agreement
- B. Technology agreements
- C. Process level agreements
- D. Counterfeit analysis agreements
Answer: A
NEW QUESTION # 58
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